Country Focus
Published  10 MIN READ

Leapfrogging into the Digital Age: Smarter Treasury in MENA

Looking from the outside in, the Middle East and North Africa (MENA) region still conjures up numerous business stereotypes – from entirely paper-based payment workflows to over-dependence on oil as a driver of economic growth. On the ground, however, these stereotypes are being swiftly overturned as governmental visions for a digital and sustainable future are embraced by citizens and corporates alike.

Forward-thinking MENA treasury functions are using the momentum behind government development plans, such as the United Arab Emirates’ Vision 2021 and Abu Dhabi’s Vision 2030, to build next generation treasury operations. As discussed at a recent Citi roundtable, thanks to emerging technologies, innovative partnerships, and sharing of best practices, many treasury departments in MENA are embarking on accelerated digital innovation journeys.

Going global

David Aldred

David Aldred
Treasury & Trade Solutions Sales Head, MENAPT, Citi